Financial Sector Needs Help With Cybersecurity, FSOC Told

By Daniel Wilson

Law360, Washington (December 09, 2013, 7:17 PM ET) -- The financial services industry has made significant progress over the past 18 months to improve its cybersecurity efforts, but still needs assistance from the government and other industries for proper risk mitigation, BB&T Corp.'s chief executive told the Financial Stability Oversight Council on Monday.

CEO Kelly King told Treasury Secretary Jack Lew and other members of the cross-agency group that as co-chairman of the board of directors of the Financial Services Roundtable Technology Policy Council he had helped helm an effort to raise awareness of cyber...